UK-based mortgage marketplace operator Trussle has secured £13.6m ($18.5m) in a series B round co-led by Propel Venture Partners, the strategic investment arm of financial services firm BBVA, TechCrunch has reported.
Goldman Sachs Principal Strategic Investments, a venture capital unit owned by investment banking firm Goldman Sachs, co-led the round, which included VC firm Finch Capital and seed fund Seedcamp.
News of the round was originally reported by Sky without a precise amount or the identity of all of its participants.
Trussle operates an online mortgage comparison platform that relies on machine learning to compare products from more than 90 lenders.
The system continues to check the status of the customer’s deal over the mortgage’s lifespan, recommending that they switch to a better offer should one become available. Trussle will use the funding to build its headcount, having already grown from 14 employees in February 2017 to 70 today.
Finch Ventures, then known as Orange Growth Capital, led Trussle’s $5.7m series A round in February 2017 with participation from real estate listings platform Zoopla, Seedcamp, LocalGlobe and various angel investors.
LocalGlobe had previously led a $1.6m round for Trussle in 2016 that also featured assorted angel investors including Dan Cobley, Ed Wray and Ian Hogarth, the latter two of which also contributed to its series A round.